Abraxas Capital Management has made significant cryptocurrency transactions over the past 24 hours. The firm withdrew 30,000 ETH, worth approximately $102 million, from Bitfinex and deposited it into Spark, where it loaned out stablecoins. Additionally, a whale, likely Abraxas Capital, withdrew 60,000 ETH, valued at around $203 million, from Bitfinex and deposited it into Spark. This whale borrowed $119 million in stablecoins and deposited them into Binance. The whale also borrowed 101M $DAI, swapped it to 101M $USDC, and deposited 52M $USDC into Binance. The ETH price increased by 3% over 17 hours, suggesting a $6.27 million gain.
🚨 🚨 🚨 🚨 🚨 32,000 #ETH (111,707,060 USD) transferred from unknown wallet to #Bitfinex https://t.co/Vmeyrl4aTz
🚨 🚨 🚨 50,000,000 #USDC (50,011,848 USD) transferred from Coinbase Institutional to unknown wallet https://t.co/qKn7lJMORk
After staking 30k $ETH into #Spark, this whale borrowed 51M $DAI from #Spark & swapped into 52M $USDC and then deposited all USDC into #Binance. By utilizing this routine, he withdrew more 30k $ETH (~$101.7M) from #Binance. Address: https://t.co/krOZnuhzUh https://t.co/5HzG7s8RDb https://t.co/6Tv3k89DHR
🚨 🚨 🚨 52,500,000 #USDC (52,505,617 USD) transferred from #Binance to unknown wallet https://t.co/gJC2RXfSiZ
A massive whale (probably Abraxas Capital) has withdrawn 60K $ETH ($203M) from #Bitfinex at ~$3,387 in the past 17 hours. The whale then lent $ETH to #Spark to borrow $119M in stablecoins and deposited it to #Binance. The $ETH price is up by 3% (17H), suggesting a $6.27M… https://t.co/6oomnzlrSq
This whale(likely Abraxas Capital) has withdrawn 60K $ETH($206.3M) from #Bitfinex and deposited it into #Spark in the past 16 hours. Then he borrowed 101M $DAI from #Spark, swapped it to 101M $USDC, and deposited it into #Binance. https://t.co/fKgvGz28BI https://t.co/McOPedQCOs
🚨 🚨 🚨 🚨 200,000,000 #XRP (94,554,479 USD) transferred from unknown wallet to unknown wallet https://t.co/mb8TQ9p3nU
🚨 🚨 🚨 15,000 #ETH (50,917,283 USD) transferred from #Bitfinex to unknown wallet https://t.co/Dy4N60xePQ
🚨 🚨 🚨 15,000 #ETH (50,758,460 USD) transferred from #Bitfinex to unknown wallet https://t.co/WD7A1XdBJe
[DEBANK] Abraxas Capital Management withdrew 30,000 #ETH (approximately $102 million) from Bitfinex today. Subsequently, the entire 30,000 $ETH was deposited into Spark and used to loan out stablecoins https://t.co/ML1KIaHovm
According to DeBank, Abraxas Capital Mgmt (Heka Funds): 0xed…4312, which was marked by Arkham, withdrew 30,000 ETH (worth about $102 million) from Bitfinex at 16:50 UTC+8 today, and then deposited all 30,000 ETH into Spark and loaned out stablecoins. https://t.co/ALsguwzRqt